Federal Register #SR-NYSEAMER-2026-17

SEC Notice: NYSE American LLC Proposed Rule Change on Listing Standards

This notice concerns a proposed regulatory change by NYSE American LLC, reviewed by the Securities and Exchange Commission (SEC): - Government buyer: Securities and Exchange Commission (SEC) - OEM/vendor mentioned: NYSE American LLC - No products or services are being procured or awarded; this is a regulatory notice - Proposal details: - Amends Sections 1003 and 1009 of the NYSE American Company Guide - Establishes a minimum market capitalization requirement of $5 million for issuers to remain listed - If an issuer's average market capitalization falls below $5 million over 30 consecutive trading days, trading is immediately suspended and delisting proceedings begin - Issuers below this threshold are not eligible for a compliance period to regain listing, but may appeal delisting decisions - The SEC invites public comment on the sufficiency and impact of the proposed rule change, including its consistency with the Securities Exchange Act - No procurement, contract, or purchase is involved in this notice

Description

The Securities and Exchange Commission has issued a notice regarding a proposed rule change by NYSE American LLC. The rule change proposes amendments to Sections 1003 and 1009 of the NYSE American Company Guide to establish a minimum market capitalization requirement of $5 million for issuers to remain listed on the Exchange. If an issuer's average market capitalization falls below this threshold over a consecutive 30 trading-day period, the Exchange will suspend trading and commence delisting proceedings. The proposal also specifies that issuers falling below this criterion would not be eligible for a compliance period to regain listing eligibility, though they retain the right to appeal delisting decisions.

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